FFIEC Proposes Social Media Risk Guidance

Comments sought on guidance that includes compliance and legal, operational and reputational risk of new channels.

By Heather Anderson|January 22, 2013 at 08:59 AM

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Because financial institutions use social media to market to consumers, facilitate new account applications and provide loan pricing, the Federal Financial Institutions Examination Council on Tuesday issued a notice and request for comment regarding guidance on the topic.